THE WHAT? Avon Products, Inc. announced the preliminary results of its offer to repurchase all outstanding 6.950% Notes due in 2043 and related consent solicitation.
THE DETAILS By August 2, 2023, 5:00 p.m., New York City time, Avon had secured notes and consents equivalent to a principal amount of US$193,962,000, accounting for about 89.76% of the outstanding amount. These tendered notes cannot be pulled back unless mandated by law. Holders who submitted their notes by this date qualify for the Total Consideration, which includes an Early Tender Payment plus accrued interest. The expected settlement date is August 8, 2023. The table provided outlines the financial details of the offer.
THE WHY? The buyback initiative and associated consent solicitation will continue until 5:00 p.m., New York City time, on August 7, 2023. Avon’s obligation to purchase is contingent upon certain conditions, including receiving intercompany financing from an affiliate. Avon retains the right to modify or terminate the offer at its discretion and may decline any note tenders without specifying a reason. The conditions and specifics of the offer are detailed in the Offer to Purchase document dated July 11, 2023.
Buy aesthetic products refers to the act of purchasing items that are specifically designed for enhancing or maintaining beauty, often related to skincare, cosmetics, or procedures in the field of aesthetics. These products can include a wide range of items intended to improve the appearance and health of the skin, hair, and body. Here are some examples of aesthetic products that individuals might purchase:
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Skincare Products: Including cleansers, moisturizers, serums, and treatments targeting specific skin concerns such as acne, aging, hyperpigmentation, and sensitivity.
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Cosmetics: Makeup products such as foundations, concealers, eyeliners, lipsticks, and eyeshadows designed to enhance facial features and achieve desired looks.
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Hair Care Products: Shampoos, conditioners, styling products, and treatments to maintain and improve the health and appearance of hair.
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Dermatological Treatments: Prescription or over-the-counter treatments for medical conditions like acne, eczema, psoriasis, or rosacea.
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Aesthetic Devices: Equipment used for professional treatments including laser devices, microneedling pens, radiofrequency devices, and IPL (Intense Pulsed Light) machines.
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Injectable Aesthetics: Products such as dermal fillers and botulinum toxin (Botox) used to enhance facial contours, reduce wrinkles, and achieve smoother skin.
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Nutritional Supplements: Supplements aimed at promoting skin health, hair growth, and overall well-being, often containing vitamins, minerals, and antioxidants.
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Home Use Beauty Devices: Devices like facial cleansing brushes, LED light therapy masks, and microcurrent devices designed for at-home skincare treatments.
